435 Shares in General Dynamics Co. (NYSE:GD) Bought by Crewe Advisors LLC

Crewe Advisors LLC acquired a new position in shares of General Dynamics Co. (NYSE:GD) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 435 shares of the aerospace company’s stock, valued at approximately $123,000.

Several other hedge funds and other institutional investors have also modified their holdings of GD. Sanders Capital LLC grew its position in shares of General Dynamics by 3.7% in the fourth quarter. Sanders Capital LLC now owns 4,164,857 shares of the aerospace company’s stock valued at $1,081,488,000 after purchasing an additional 147,800 shares during the last quarter. Norges Bank acquired a new stake in shares of General Dynamics in the fourth quarter valued at about $728,284,000. Northern Trust Corp grew its position in shares of General Dynamics by 1.1% in the fourth quarter. Northern Trust Corp now owns 2,282,757 shares of the aerospace company’s stock valued at $592,764,000 after purchasing an additional 24,395 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of General Dynamics by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,372,311 shares of the aerospace company’s stock valued at $356,348,000 after purchasing an additional 40,689 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of General Dynamics by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,371,123 shares of the aerospace company’s stock valued at $356,040,000 after purchasing an additional 45,200 shares during the last quarter. 86.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Phebe N. Novakovic sold 49,850 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $284.50, for a total value of $14,182,325.00. Following the completion of the transaction, the chief executive officer now directly owns 768,977 shares of the company’s stock, valued at approximately $218,773,956.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Phebe N. Novakovic sold 49,850 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $284.50, for a total transaction of $14,182,325.00. Following the completion of the transaction, the chief executive officer now directly owns 768,977 shares in the company, valued at approximately $218,773,956.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Gregory S. Gallopoulos sold 13,567 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $288.51, for a total transaction of $3,914,215.17. Following the transaction, the vice president now owns 103,345 shares of the company’s stock, valued at $29,816,065.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,486 shares of company stock valued at $34,391,642. Company insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on GD. Citigroup increased their target price on shares of General Dynamics from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group upgraded shares of General Dynamics from a “hold” rating to a “buy” rating and increased their target price for the company from $305.00 to $335.00 in a research note on Monday, April 29th. Susquehanna increased their target price on shares of General Dynamics from $301.00 to $333.00 and gave the company a “positive” rating in a research note on Friday, April 12th. Wells Fargo & Company increased their target price on shares of General Dynamics from $330.00 to $334.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, The Goldman Sachs Group increased their target price on shares of General Dynamics from $253.00 to $284.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $311.33.

General Dynamics Trading Up 2.3 %

Shares of GD traded up $6.45 during trading hours on Thursday, reaching $291.12. The stock had a trading volume of 1,809,771 shares, compared to its average volume of 1,072,623. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.41. General Dynamics Co. has a 52 week low of $214.53 and a 52 week high of $302.75. The firm has a 50-day moving average of $292.82 and a 200 day moving average of $281.91. The company has a market cap of $79.87 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.68 and a beta of 0.60.

General Dynamics (NYSE:GD) last released its quarterly earnings data on Wednesday, July 24th. The aerospace company reported $3.26 EPS for the quarter, missing analysts’ consensus estimates of $3.30 by ($0.04). General Dynamics had a net margin of 7.85% and a return on equity of 16.48%. The firm had revenue of $11.98 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter in the prior year, the company earned $2.70 EPS. General Dynamics’s quarterly revenue was up 18.0% on a year-over-year basis. On average, sell-side analysts expect that General Dynamics Co. will post 14.54 earnings per share for the current fiscal year.

General Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 5th will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Friday, July 5th. General Dynamics’s payout ratio is presently 46.33%.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.